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we need a third bucket, energy. the most prolific energy company in the world now. >> bret: when he says at one point several weeks ago that the president said we don't have a spending problem and boehner said, "mr. president, we have a serious spending problem." he repeated the message so often, he said toward the end of the negotiation the president became irritated and said to boehner, "i'm getting tired of hearing you say that." when you hear the quotes, what do you think? >> i'll be straight about this. anybody in a responsible position that doesn't understand we have a spending problem, driven by massive increases in entitlement costs, which nobody votes on when you put them all together, in a social security, medicare and other issues and the debt, it consumes more than 60% of the national revenue. if we don't deal with them, in 12, 15, a few more years we'll eat the revenue of the national government. everybody knows you have a spending problem. if you don't, if you say we don't you are trying to avoid it or
we need a third bucket, energy. the most prolific energy company in the world now. >> bret: when he says at one point several weeks ago that the president said we don't have a spending problem and boehner said, "mr. president, we have a serious spending problem." he repeated the message so often, he said toward the end of the negotiation the president became irritated and said to boehner, "i'm getting tired of hearing you say that." when you hear the quotes, what do...
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and help ensure a constant supply of clean energy. the things we build share one belief. that the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. call... and lock in your rate for 12 months today. liberty mutual insurance. responsibility. what's your policy? the day's top lines are coming up. ♪ so, we all set? i've got two tickets to paradise! pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise
and help ensure a constant supply of clean energy. the things we build share one belief. that the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask...
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energy policy about. he spent several years and i think has gotten incredibly frustrated with washington and thrown up his hands and gone around and around. he points out that every president back to nixon talks about how we are going to get some sort of energy policy and eventually get to u.s. energy independence and it's never happened. it's been such a difficult goal. >> like gun control. that's never happened either as obvious as it is to probably all of us. the administration is looking for ways to accelerate job growth. this is an important one. >> i think it's an important one, i don't know if you had time to do some of these 2012 predictions. >> sure. >> that least the list i have here is all five. i don't know if we have the other five. in 2012 you did pretty well. >> don't say it with such astonishment. >> extraction of oil and gas from shale and rock a game changer. joe, i'm not sure if you thought that was a surprise. >> which one? >> i give him credit for that. >> earnings of american corpora
energy policy about. he spent several years and i think has gotten incredibly frustrated with washington and thrown up his hands and gone around and around. he points out that every president back to nixon talks about how we are going to get some sort of energy policy and eventually get to u.s. energy independence and it's never happened. it's been such a difficult goal. >> like gun control. that's never happened either as obvious as it is to probably all of us. the administration is...
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from joe biden at the white house to chris christie in new jersey, andrew cuomo in albany, there's new energy for a comprehensive approach to gun violence control. chris cillizza, and kristen welker. thanks much to both of you. first of all, kristen, you were there today, joe biden opening the task force meetings for a brief photo opportunity saying something is going to get done. they have this end of the month deadline. it's going to be in the state of the union. but how comprehensive is this going to be and is it going to be any different from all of the other failed initiatives, frankly? >> well, we are expecting something to be quite comprehensive, andrea, and one thing out of the meeting is joe biden said the president is considering taking some executive actions. he's not sure what those actions are right now, but that's certainly something that's under consideration. we also expect some of the proposals that the vice president puts forth to include some legislative proposals, stiffer gun laws, including banning assault weapons, banning those high-capacity magazines, as well as dealing
from joe biden at the white house to chris christie in new jersey, andrew cuomo in albany, there's new energy for a comprehensive approach to gun violence control. chris cillizza, and kristen welker. thanks much to both of you. first of all, kristen, you were there today, joe biden opening the task force meetings for a brief photo opportunity saying something is going to get done. they have this end of the month deadline. it's going to be in the state of the union. but how comprehensive is this...
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we heard from the energy department yesterday, the eia put out the short-term energy forecast saying we'll see a 25% jump in crude production by 2014. what does that mean for prices? where do you see them this year? >> we see prices basically being pretty flat this year. maybe a little bit higher, just based on problems in the middle east. that's the only risk we see in the market this year. as a matter of fact, if we were to see a resolution in the conflict in the middle east, specifically in the negotiated settlement with iran, we could see crude prices down at $75. >> we've been talking over the last several weeks about the pipeline capacity, and the expansions there, what that is meaning in addition to the production we're seeing in the shale area, shale oil. what impact will that have on the spread between brent and wti? it's already come in several dollars in the last several weeks. >> our expectation is because of those pipeline expansions, and because of the record production that's coming out of the u.s., that that spread is going to come in a lot this year. we think it's go
we heard from the energy department yesterday, the eia put out the short-term energy forecast saying we'll see a 25% jump in crude production by 2014. what does that mean for prices? where do you see them this year? >> we see prices basically being pretty flat this year. maybe a little bit higher, just based on problems in the middle east. that's the only risk we see in the market this year. as a matter of fact, if we were to see a resolution in the conflict in the middle east,...
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positive energy in the market. i also want to point out the energy information administration basically came out and said by the end of 2014, oil imports will be the lowest since 1987. you have production weigh up. demand pretty flat. and a lot of this has to do with the controversial concept of fraking. back to you. >> brian schactman, thanks again for your help this morning. we'll be right back with much more "morning joe." chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not for children under 18. people taking maois, linezolid or thioridazine or with uncontrolled glaucoma should not take cymbalta.
positive energy in the market. i also want to point out the energy information administration basically came out and said by the end of 2014, oil imports will be the lowest since 1987. you have production weigh up. demand pretty flat. and a lot of this has to do with the controversial concept of fraking. back to you. >> brian schactman, thanks again for your help this morning. we'll be right back with much more "morning joe." chronic osteoarthritis pain. imagine living your life...